+
South West Pinnacle Secures CBM Contract Extension
ECONOMY & POLICY

South West Pinnacle Secures CBM Contract Extension

South West Pinnacle Exploration Limited (SWPE) has received an extension of a contract from Reliance Industries Limited (RIL) to provide coal bed methane (CBM) production services in the state of Madhya Pradesh. The award was communicated to the National Stock Exchange and the Bombay Stock Exchange by the company secretary and compliance officer. The company said the scope of work remains unchanged from the original contract.

The aggregate work order value is approximately Rs 1,668.2 million (mn) including GST. The contract extension will not require deployment of additional assets since required machines, equipment and trained manpower are already in place at the location. The company indicated that revenue from the extended scope is expected to commence from the second quarter of FY 2026-27.

The tentative estimated duration of the contract is 15 months with an option to extend by another six months. The order has been awarded by a domestic entity and is described as not falling within related party transactions. The company stated that neither the promoters nor the promoter group have any interest in the ordering entity.

Details were filed in Annexure I in accordance with the relevant SEBI circular and the company has advised that all significant terms and conditions remain the same as under the original award. The disclosure reiterated that the work pertains to imparting CBM production services and confirmed that the award is by a domestic entity.

The extension is positioned to bolster near term revenue visibility for SWPE while leveraging existing operational readiness and resources. The company expects the arrangement to contribute to its operational programme without incremental capital expenditure. The contract extension utilises in situ teams and established procedures to minimise mobilisation time. The company anticipates maintaining service levels while integrating the extended scope into current operations.

South West Pinnacle Exploration Limited (SWPE) has received an extension of a contract from Reliance Industries Limited (RIL) to provide coal bed methane (CBM) production services in the state of Madhya Pradesh. The award was communicated to the National Stock Exchange and the Bombay Stock Exchange by the company secretary and compliance officer. The company said the scope of work remains unchanged from the original contract. The aggregate work order value is approximately Rs 1,668.2 million (mn) including GST. The contract extension will not require deployment of additional assets since required machines, equipment and trained manpower are already in place at the location. The company indicated that revenue from the extended scope is expected to commence from the second quarter of FY 2026-27. The tentative estimated duration of the contract is 15 months with an option to extend by another six months. The order has been awarded by a domestic entity and is described as not falling within related party transactions. The company stated that neither the promoters nor the promoter group have any interest in the ordering entity. Details were filed in Annexure I in accordance with the relevant SEBI circular and the company has advised that all significant terms and conditions remain the same as under the original award. The disclosure reiterated that the work pertains to imparting CBM production services and confirmed that the award is by a domestic entity. The extension is positioned to bolster near term revenue visibility for SWPE while leveraging existing operational readiness and resources. The company expects the arrangement to contribute to its operational programme without incremental capital expenditure. The contract extension utilises in situ teams and established procedures to minimise mobilisation time. The company anticipates maintaining service levels while integrating the extended scope into current operations.

Related Stories

Gold Stories

Next Story
Infrastructure Urban

Emiza Expands Bhiwandi Fulfilment Capacity by 2.32 Lakh Sq Ft

Emiza, a leading third-party logistics (3PL) provider, has expanded its Mumbai operations with the launch of two new fulfilment facilities in Bhiwandi, adding a combined capacity of 2.32 lakh sq ft to its network.The new facilities, spread across 75,000 sq ft and 1,57,000 sq ft, mark Emiza’s fifth and sixth warehouses in the Mumbai region. The expansion strengthens the company’s fulfilment infrastructure in Western India amid the rapid growth of India’s digital commerce ecosystem.With increasing online consumption, wider product categories and rising customer expectations for faster deli..

Next Story
Infrastructure Urban

Ingersoll Rand Showcases Air Solutions for Semiconductor Sector

Ingersoll Rand will showcase its advanced compressed air solutions for India’s growing semiconductor ecosystem at SEMICON India 2026, scheduled from September 17–19 at Yashobhoomi, New Delhi.The company will display its portfolio of oil-free compressors, centrifugal compression technologies and advanced air treatment systems at Stall No. 1156, Hall No. 1. The solutions are designed to address the stringent air quality, reliability and efficiency requirements of semiconductor manufacturing applications.With India accelerating investments across semiconductor manufacturing, packaging, equipm..

Next Story
Infrastructure Energy

RECPDCL Transfers Musalgaon Transmission SPV to MSETCL

REC Power Development and Consultancy Limited (RECPDCL), a wholly owned subsidiary of REC Limited, has handed over Musalgaon Power Transmission Limited, a project-specific Special Purpose Vehicle (SPV), to Maharashtra State Electricity Transmission Company Limited (MSETCL).MSETCL emerged as the successful bidder through the Tariff-Based Competitive Bidding (TBCB) process conducted by RECPDCL, the Bid Process Coordinator, for developing Maharashtra’s intra-state transmission project on a Build, Own, Operate and Transfer (BOOT) basis.The SPV was handed over by Shri Ratnesh Kumar, General Manag..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

SPECIAL OFFER
QR Code